Banking in Greece

Banking in Greece is an industry that has an average leverage ratio (assets/net worth) 16 to 1, and short-term liabilities equal to 35% of the Greek GDP or 38% of the Greek national debt, as of 11 October 2008.[1]On 29 June Greek banks, stayed shut and will remain so to impose capital control. Trading in Greek stocks and bonds halted as well.[2][3]